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HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Bootstrapping to $20 Million in Charleston, South Carolina: eGroup CEO Mike Carter (Part 6)
Sramana Mitra: You seem to have a regional emphasis. Does that mean that your sales cycle has been an in-person sales cycle? Mike Carter: Yes. Traditionally, our sales process has been person to person. We have invested quite a bit in our digital presence and we are doing things from creating ourselves as an inbound
Canadian Real Time Big Data Company’s Excellent Thought Leadership: Terapeak CEO Kevin North (Part 6)
Sramana: What was the state of the company when you came in? Kevin North: There were some really good people who had been making great technology. The founders were great and they understood Big Data very well. The only issue was that their organization was not scalable. The goal was to turn it into a
Bootstrapping to $20 Million in Charleston, South Carolina: eGroup CEO Mike Carter (Part 5)
Sramana Mitra: How did revenue track in that timeframe? Mike Carter: The first 10 years, we were very immature from a strategy standpoint. It’s only been in the last five years that we evolved in what we’re doing, in terms of investing, and saw a much more strategic approach emerge. Quite honestly, there’s an aspect
Canadian Real Time Big Data Company’s Excellent Thought Leadership: Terapeak CEO Kevin North (Part 5)
Sramana: What kind of intelligence is the analytic engine capable of producing? I imagine the merchants are the paying customer so I am interested in what you can do for them and what the engagement or pricing model is. Kevin North: The customers are the merchants that are selling on eBay. We have a range
Bootstrapping to $20 Million in Charleston, South Carolina: eGroup CEO Mike Carter (Part 4)
Sramana Mitra: It sounds like what you used in the beginning is a technique that we see repeatedly. I’ve written a book on this particular technique – Bootstrapping Using Services. The advantage of having services in the bootstrapping stage is that cash starts coming in early. You don’t’ have to take a long, red-ink faith
Canadian Real Time Big Data Company’s Excellent Thought Leadership: Terapeak CEO Kevin North (Part 4)
Sramana: What year did you sell Dyadem? Kevin North: I sold the company in 2011. Sramana: Did you have to stay or were you free to move on? Kevin North: I had to stay for 10 months. I had to do the integration and I had revenue obligations to meet. I had to fulfill their
Bootstrapping to $20 Million in Charleston, South Carolina: eGroup CEO Mike Carter (Part 3)
Sramana Mitra: What is the target customer base? Mike Carter: Our target customer base is what we call the commercial mid-market. That would be organizations between 500 to 5,000 users. They typically fall into regional healthcare providers and financial service organizations – certainly not the large global organizations but regional and national groups.
Canadian Real Time Big Data Company’s Excellent Thought Leadership: Terapeak CEO Kevin North (Part 3)
Sramana: When did you decide to raise money? Kevin North: In 2006, I decided to raise money because we were experiencing some traction. We were still in single digits but that was a big improvement from 2004 when we still had less than $1 million in revenue. When I was raising money, we were at